IMPACT CIL Parent LLC, CA Revolving Notes Series 2003-1 Rating Raised To 'A-' From 'BBB' On Criteria Update

SAN FRANCISCO (S&P Global Ratings) April 27, 2021--S&P Global Ratings raised its long-term rating to 'A-' from 'BBB' on IMPACT CIL Parent LLC (IMPACT CILP), Calif.'s revolving notes series 2003-1. The outlook is stable. The rating reflects the application of our criteria "Methodology For Rating U.S. Public Finance Rental Housing Bonds," published April 15, 2020, on RatingsDirect. "The rating is based on our analysis of the credit quality of the notes, which evidence a loan issued to the borrower, IMPACT CILP, by a consortium of insurance companies pursuant to a revolving member loan (RML) agreement," said S&P Global Ratings credit analyst Aulii Limtiaco. "The rating further reflects our view of IMPACT CILP's very-strong-to-strong management and governance assessment, adequate market position,

...April 27, 2021 SAN FRANCISCO (S&P Global Ratings) April 27, 2021--S&P Global Ratings raised its long-term rating to 'A-' from '###' on IMPACT CIL Parent LLC (IMPACT CILP), Calif.'s revolving notes series 2003-1. The outlook is stable. The rating reflects the application of our criteria "Methodology For Rating U.S. Public Finance Rental Housing Bonds," published April 15, 2020, on RatingsDirect. "The rating is based on our analysis of the credit quality of the notes, which evidence a loan issued to the borrower, IMPACT CILP, by a consortium of insurance companies pursuant to a revolving member loan (RML) agreement," said S&P Global Ratings credit analyst Aulii Limtiaco. "The rating further reflects our view of IMPACT CILP's very-strong-to-strong management and governance assessment, adequate market position, and weak coverage and liquidity assessment," Ms. Limtiaco added. The stable outlook reflects our view that IMPACT CILP has sufficient assets and credit support available to cover our...

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